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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Special Pro Talks: How top women in finance are putting money to workCNBC Pro is rounding out Women's History Month with three of the best female investors around. CNBC "Halftime Report" Supervising Producer, Patricia Martell, sits down with Requisite Capital Management's Bryn Talkington, Gilman Hill Asset Management's Jenny Harrington, and SoFi's Liz Young to discuss their impact on the industry, how they are investing in today's market, and to answer your questions.
Harrington: The upside for the markets has likely been capped
  + stars: | 2023-03-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarrington: The upside for the markets has likely been cappedJenny Harrington of Gilman Hill Asset Management says the markets will likely be rangebound for a while, because there's still some difficult issues to get through and earnings aren't going to be just rosy from here on out.
Investor Jenny Harington said she sees a clearer earnings story in Charles Schwab than big technology names that others have rushed back to this year. Meta shares have gained more than 70% so far this year but, after slumping 64% in 2022, is still more than $100 below where they ended 2021. Meanwhile, Palo Alto shares now trade above where they ended 2021 after climbing almost 38% this year to make up for 2022's 25% decline. "It's really, really, really hard to see where growth is coming," Harrington said. "For me, when you're saying, 'What's the safety trade?,' and I'm saying I don't like the mega-caps because I don't even know what their earnings really should be."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFree up some cash in big tech and repurpose it elsewhere: Gilman Hill CEOJoe Terranova, Jason Snipe, Jenny Harrington, and Steve Weiss join 'Halftime Report' to discuss the big tech bounce, near-term upside potential in the market, and long-duration assets under pressure.
The caption accompanying the image reads, in part, “In honor of Women’s History Month, let’s celebrate the all-female investment team at #SVB.” Examples can be seen (here), (here). Among the four women, however, only Saccocia is part of SVB as Chief Investment Officer per the bank’s private banking team directory (here), (here). The company’s current executive board is a nine-member mixed-gender team (www.svb.com/leadership), and its private banking team directory is also mixed-gender (here). The panel with Talkington, Harrington, Firestone and Saccocia was part of the show ‘Fast Money: Halftime Report’ on March 8, 2023 (here), a stock market analysis program on CNBC. The screenshot from CNBC’s debate program shows investment professionals from different firms, not just SVB.
Atlanta's Truist Financial ($41 billion) now yields 6.2% while Minneapolis's U.S. Bancorp ($53 billion) pays 5.1% on its common stock. After all, high dividend yields are often a sign of financial or business distress, or a red flag that the payments so many mom-and-pop investors depend on are unsustainable. Wall Street just doesn't think most payouts will be cut — so long as any recession this year stays on the mild side. "Despite these lower dividend growth expectations, we believe these bank holdings still have attractive dividends," Peris added. A final straw in the wind: Wall Street has issued dozens of research reports since Silicon Valley Bank went under.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig banks may takeover smaller banks soon, says Gilman's Jenny HarringtonJenny Harrington, Gilman Hill CEO, joins the 'Halftime Report' to discuss New York Community Bank and the financial sector. The 'Investment Committee' also weighs in.
"This is a classic example of a company that's gonna do well when all the other banks are not," Sethi said on CNBC's "Halftime Report." Shares of New York Community Bancorp surged more than 35% Monday, rebounding from losses of 11.3% and 14.6%, respectively, the past two weeks. The announcement made her think, "the game has changed for New York Community Bank." "One bank's loss is going to be another bank's gain, and that's exactly what this is." NYCB FRC,KRE 1M mountain New York Community Bancorp, First Republic and the KRE's past month
London CNN —Shares in European banks slumped Wednesday as speculation about the health of Credit Suisse (CSGKF) reignited the market turmoil sparked by the collapse of Silicon Valley Bank. Europe’s benchmark Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, has fallen 13% since last Wednesday’s close. In 2018, former President Donald Trump watered down key parts of the Dodd-Frank Act, which set stricter rules for the banking sector. But European banks are required to hold capital to cover the risk of a large and sudden change in borrowing costs. “This means that European banks have less exposure to market risk on bonds, despite a similar rise in yields,” Moody’s said in its note.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRight now, we have an opportunity to be patient with investments, says Gilman Hill's Jenny HarringtonShannon Saccocia, SVB Private CIO, and Jenny Harrington, Gilman Hill Asset Management CEO, join 'Closing Bell' to discuss investing in cash, timing stock investments and the case for active portfolio management.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCash, bonds and preferred stocks are all viable in a high-rate environment, says Gilman Hill's Jenny HarringtonCNBC’s ‘Halftime Report’ investment committee, Josh Brown, Steve Weiss, Jim Lebenthal and Jenny Harrington, discuss rates and earnings in a strong economy.
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this heightened market volatility, including whether to buy, sell or hold specific companies. Jenny Harrington of Gilman Hill Asset Management explained why you should hold onto Energy Transfer if you own the stock. Cerity Partners' Jim Lebenthal said if you already own Apple , you may want to keep some shares in your portfolio. Stephen Weiss of Short Hills Capital Partners talked about Devon Energy and why it may be worth sticking with the stock at these levels.
Why Josh Brown likes this high-beta cybersecurity stock
  + stars: | 2023-02-22 | by ( Michelle Fox | ) www.cnbc.com   time to read: +2 min
Cybersecurity stocks got a lift on Wednesday, but for Ritholtz Wealth Management CEO Josh Brown there's one name that stands out: CrowdStrike. Shares rallied about 4% during afternoon trading on Wednesday after competitor Palo Alto Networks blew past earnings expectations after the bell Tuesday. Goldman Sachs recently initiated coverage of the stock with a buy rating, along with Check Point , Fortinet and Palo Alto Networks. It's now three years ahead of the profitability goals it laid out in 2021, Palo Alto Network's CEO Nikesh Arora said. Morgan Stanley believes Palo Alto Networks will keep moving higher after its earnings results.
The debate over fighting the Fed vs. fighting the tape
  + stars: | 2023-02-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe debate over fighting the Fed vs. fighting the tapeDon't fight the Fed vs. Don't fight the tape. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Ritholtz Wealth Management's Josh Brown, Gilman Hill Asset Management's Jenny Harrington and Cerity Partners' Jim Lebenthal.
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this heightened market volatility, including whether to buy, sell or hold specific companies. Jim Lebenthal of Cerity Partners discussed Deere and why he would buy this stock over Caterpillar , AGCO and VanEck Agribusiness ETF (MOO). Gilman Hill Asset Management's Jenny Harrington explained why she is still long New York Community Bank .
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou know who I am, I run to the cheaper stocks, says Cerity Partners' Jim LebenthalDiscussing a rough morning for stocks. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Ritholtz Wealth Management's Josh Brown, Gilman Hill Asset Management's Jenny Harrington and Cerity Partners' Jim Lebenthal.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full debate over fighting the Fed or the tape, with Ritholtz's Josh Brown, Gilman Hill's Jenny Harrington and Cerity's Jim LebenthalDon't fight the Fed vs. Don't fight the tape. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Ritholtz Wealth Management's Josh Brown, Gilman Hill Asset Management's Jenny Harrington and Cerity Partners' Jim Lebenthal.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSNAP announces 750M monthly active users, could hit 1B in next 2-3 yearsCNBC's Julia Boorstin reports on Snap CEO Evan Spiegel's remarks about the company's growth today. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Ritholtz Wealth Management's Josh Brown, Gilman Hill's Jenny Harrington and Cerity Partners' Jim Lebenthal
Skyworks Solutions is one chip stock that traders should take another look at, according to investor Jenny Harrington. She said the stock appears compelling at current valuations. Additionally, the company is expected to grow its earnings significantly, making it a "compelling technology investment." Unlike some of its peers, Skyworks has its own manufacturing plants in the U.S. Still, Weiss, who previously held the stock, said he would wait to give Skyworks another look.
On Friday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this heightened market volatility, including whether to buy, sell or hold specific companies Jenny Harrington of Gilman Hill Asset Management discussed shipping line Star Bulk Carriers and why she thinks China reopening will benefit Star near-term. Virtus Investment Partners' Joe Terranova explained that he personally owns the Gold Shares ETF and why investors should be interested in this fund. Finally, Jason Snipe of Odyssey Capital Advisors reviewed Alphabet , noting the opportunity to buy the stock after its latest earnings report.
Harrington said on CNBC's " Halftime Report " that although Chevron has been improving its performance, its dividend yield has declined below her portfolio's dividend income yield target of 5% or greater. The energy stock is paying a 3.6% dividend yield, while Pioneer has a yield of 11.8%, according to FactSet. Harrington sold Chevron shares in taxable accounts at the start of 2023, giving her the remainder of the year to offset those capital gains. Joe Terranova, senior managing director for Virtus Investment Partners, who stated that he personally owns Pioneer shares, praised Harrington's tactic. Natural gas and energy prices have fallen this year from their 2022 highs.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf inflation comes in at 6.6%, that makes sense, says Gilman Hill's Jenny HarringtonA mid-day look at the market and what the traders are expecting from the next inflation read. With CNBC's Scott Wapner and the 'Halftime Report' investment committee, Gilman Hill's Jenny Harrington, Virtus Investment Partners' Joe Terranova, NewEdge's Rob Sechan and Sand Hill Global's Brenda Vingiello.
As investors position their portfolios for the year ahead, one sector is a standout pick for the investment panel on CNBC's "Halftime Report" : financials. "In every recession, there's one sector, whose balance sheet is most negatively affected by the recession. Gilman Hill Asset Management CEO Jenny Harrington named financial stocks as her top 2023 sector pick, saying the sector is undervalued after reviewing its price/earnings to growth ratio, or PEG ratio. The financials sector in the S & P 500 was down by 12% in 2022, still outperforming the broader market index despite the drop. Here is the full 2023 stock picks from the group: Karen Firestone: Charles Schwab, Align Technology, American Tower; Sector Pick: Financials Jenny Harrington: Kohl's, Uber, B & G Foods; Sector Pick: Financials Jim Lebenthal: Boeing, Cleveland-Cliffs, Paramount Global; Sector Pick: Industrials
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpectations are being reset to reasonable in the markets next year, says Gilman's Jenny HarringtonCNBC’s ‘Halftime Report’ investment committee, Jason Snipe, Joe Terranova and Jenny Harrington, discuss the past year in the markets and what investors should expect going into next year.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo market strategists discuss their best stock ideas for the yearJenny Harrington, CEO of Gilman Hill Asset Management, and John Stoltzfus, Chief Market Strategist at Oppenheimer Asset Management, join Worldwide Exchange to discuss their investment strategies.
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